Overview
The Panama Gaming Control Board has licensed online gaming since 2002, with around 6 casinos registered, targeting Latin America.
Rules
- Local entity and AML compliance required.
- Background checks for operators.
- Single license for all gambling types.
Costs
Initial cost: ~$40,000. Annual renewal: ~$20,000.
Pros & Cons
Pros: Moderate cost, good for LatAm markets, established framework.
Cons: Moderate reputation, less player protection focus.